MOSL publishes its final business plan for member voting

MOSL has published its 2022-25 business plan for wholesalers and retailers to vote on with a handful of amendments derived from feedback.

There was strong support for using unspent budget from this year to fund additional budget on Market Performance Framework Reform. Consequently, MOSL said total costs for 2022-23 will increase by £150k to £11,550k, but market operator (MO) charges will remain unchanged at £11,400k. The £150k of spend will be funded from reserves, using expected underspend from the current financial year.

MOSL provided clarity on what is driving the 2.9% inflationary increase scoped out in the draft plan in response to some concern about that.

It also provided more clarity on the governance arrangements for new data services and the optionality for the data sharing agreements outlined in the Data Insight improvement programme. Again this was in response to trading party concerns.

Otherwise, because there was strong support for the level of charges scoped out in the budget for year one, and for the five key improvement programmes set out in the draft plan, most elements of the draft remain unchanged.

MOSL members have been asked to vote by proxy in advance of a General Meeting to be held on 25 February.